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UAE's Danube awards $40m deal to build Jewelz project

In June, Danube said that 85 percent of its recently-launched Jewelz project has sold out within two months of its market debut.

By Sam Bridge

Sat 24 Nov 2018 03:25 AM

UAE-based developer Danube Properties has awarded a AED149.5 million ($40.6 million) contract to Cast Construction to build its residential project Jewelz located at Arjan, near Miracle Gardens, Dubai.

The developer’s 10th housing project, the AED300 million project offers 463 residential units, ranging from studio, one and two-bedroom apartments.

The project, which was launched this March, is scheduled for delivery in the first quarter of 2020.